India and the United States are currently engaged in negotiations, with the Asian giant proposing the elimination of tariffs on essential goods. Among the listed goods are medicines, auto parts, and steel. According to a report from Bloomberg, the elimination of tariffs depends on the United States' response to this initiative. The volume of trade is also a key factor raised by the Indian delegates at the negotiating table.

President Trump announced a suspension of tariffs for 90 days on April 9, setting the expiration date for July 8, 2025. While the time may seem far off, macroeconomic negotiations generally take a long time, and countries take the initiative ahead of time.

In addition to India, Malaysia has also sought to eliminate tariffs with the United States. While it still hopes to reach a positive agreement, the country has lowered its growth expectations, taking advantage of the pressures that trade uncertainty imposes on its economy.

Almost every country is working to reach an agreement with the American camp to normalize current market expectations.